FOUNDATION HEALTH SERVICES INC

EIN: 581745788 501(c)(3) Health Care

BATON ROUGE, LA

Total Revenue
$4,375,243
Total Expenses
$2,992,909
Total Assets
$5,875,794
Net Assets
$5,538,473
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
LA
Principal Officer
RICHARD T DASPIT SR
Phone
2257530864
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION HEALTH SERVICES INC, founded in 1987, is a community nonprofit in the Health Care sector that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 32% operating margin.

Mission

FHS ASSISTS ENTITIES THAT OWN AND OPERATE SKILLED NURSING FACILITIES BY PROVIDING FINANCIAL AND MANAGEMENT SERVICES. IT ALSO SUPERVISES PROVIDERS OF NUTRITIONALLY SOUND MEALS AND SNACKS TO APPROXIMATELY 500 CHILDREN IN APPROXIMATELY 110 HOMES IN PARTICIPATION WITH THE USDA CHILD AND ADULT CARE FOOD PROGRAM (CACFP), WHICH IS A PASS-THROUGH PROGRAM OF THE LDE FAMILY DAYCARE HOME PROGRAM

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,011,106
Investment Income $33,405
Other Revenue $1,330,732
TOTAL REVENUE $4,375,243

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,458,721
Fundraising Expenses $0
Program Expenses $2,326,781
Other Expenses $1,534,188
TOTAL EXPENSES $2,992,909

Year-over-Year Comparison

2023 2022 Change
Revenue $4,375,243 $3,340,365 +0.3%
Expenses $2,992,909 $2,933,932 +0.0%
Net Income $1,382,334 $406,433 +2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
6
Employees
26
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$772,455
Total Directors
7
$314,081
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD T DASPIT SR PRESIDENT 35.00
Officer Director
$239,553 $6,528 $246,081
DANIEL HUGHES VICE PRESIDENT 5.00
Officer Director
$12,000 $0 $12,000
LOUIS HERRERO VICE PRESIDENT 5.00
Officer Director
$12,000 $0 $12,000
CHARLENE SMITH SECRETARY 5.00
Director
$12,000 $0 $12,000
G STUART MURPHY III TREASURER 5.00
Officer Director
$12,000 $0 $12,000
DONNIE BATIE MD DIRECTOR 5.00
Officer Director
$12,000 $0 $12,000
JULIAN JAY MASSEY DIRECTOR 5.00
Director
$8,000 $0 $8,000
LONNIE L PEELER CHIEF OPERATION OFFICER 35.00
Officer
$197,785 $6,528 $204,313
RICHARD DASPIT JR CHIEF INFORMATION OFFICER 35.00
Officer
$112,612 $6,528 $139,591
KIMBERLY L JOYCE CHIEF FINANCIAL OFFICER 35.00
Officer
$127,942 $6,528 $134,470
SUZANNE H BOOTY PROCUREMENT DIRECTOR 40.00
Highest
$102,695 $6,528 $109,223
ROSEMARY MORAN DIRECTOR OF ACCOUNTS RECEIVABLE 40.00
Highest
$118,074 $6,528 $124,602
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $4,375,243 $2,992,909 $5,875,794 $1,382,334
2022 $3,340,365 $2,933,932 $5,429,180 $406,433
2021 $2,885,387 $2,818,477 $5,065,385 $66,910
2020 $2,477,425 $2,665,471 $4,997,715 $-188,046
2019 $2,865,162 $2,865,092 $4,560,748 $70
2018 $2,894,036 $2,750,504 $4,603,519 $143,532
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